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Capitol Hill Multifamily Investment
For Sale
$1,600,000

1060 N Pennsylvania St, Denver, CO 80203

Historic charm meets strong cash flow in Denver's Capitol Hill.

Days on Market100

Property Features for 1060 N Pennsylvania St

General Information

Standard status Active
Property subtype Commercial

Building Details

Year Built 1892
Listing Agency: Verity Real Estate
Listed By: Lisa Nicholaides
Source: Elliman
Added: Apr 24 Changed: Jul 10 Last Checked: Aug 1 at 7:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Verity Real Estate

Investment Insights

Based on property information with market context.

This multifamily property is located in the Capitol Hill neighborhood. The property features a converted mansion with a stone exterior, stained glass windows, balconies, and a front porch. There are seven units in total, with five units in the main residence and two units in a detached carriage house. Residents have access to a shared community laundry in the basement and a private courtyard/garden area. The property has undergone system upgrades, including a new boiler in 2024, updated interior gas lines, and main water lines. The property is located near public transportation, parks, dining, and urban amenities. The property has a bike score of 98, a walk score of 91, and a transit score of 49.

Key Highlights

  • Strong In‑Place Income and Proven Cash Flow Performance
  • Seven Units providing diversified income streams (five in main residence, two in detached carriage house)
  • Recent Major System Upgrades: New Boiler (2024), Updated Gas and Water Lines

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Food Market Butcher Mobile Phone Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,613
Businesses Nearby

Demographics for 80203, CO

22,883
Population
16,887
Households
1.4
Avg Household Size
33
Median Age
69%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
20,803
Density / Sq Mi
$74,654
Median Household Income
$59,229
Median Earnings
$1,569
Median Rent
$462,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Historic charm meets strong cash flow in Denver's Capitol Hill.
Where is this apartment building located?
The property is located at 1060 N Pennsylvania St Denver, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Strong In‑Place Income and Proven Cash Flow Performance; Seven Units providing diversified income streams (five in main residence, two in detached carriage house); Recent Major System Upgrades: New Boiler (2024), Updated Gas and Water Lines
More about this property
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